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It seems the job market has finally found its groove.
After a year of hiring freeze, recruiters across key sectors such as consumer electronics, e-commerce, business process outsourcing, media, entertainment and IT are now actively looking to increase headcounts.
According to the surveys conducted by headhunters, July has registered significant rise in hiring following a stable government and encouraging announcements in the Narendra Modi government's maiden Budget. "Hiring is on an upsurge. July has witnessed the highest percent growth of 25% breaking all records in 2014," said Sanjay Modi, MD, Monster.com.
Industry echoed similar trend. "Post budget, we have seen over 5% increase in the number of jobs. On year-on-year basis, we could see an average increase of about 20-22% across industries," said Pankaj Bansal, CEO, PeopleStrong.
The Prime Minister's speech on Independence Day is likely to infuse another dose of confidence. "The introduction of slogan — Come make in India — to attract global business fraternity, will not only improve the growth of manufacturing sector but would also create massive jobs," Bansal added.
Mid-level recruitment is registering significant jump, experts claim. "The requirements from our clients has gone up by more than 100%," said Mayank Chandra, managing partner, UK-based search firm, Antal International. "There is major hiring in power and infrastructure as government is focusing on up-gradation of infrastructure."